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550 N 1st St, Woodburn, OR, 97071

25beds
18baths
13,848sqft
$4,900,000
$354price/sqft
$30,402/moest. monthly cost
$1,216,080/yrincome needed

About This Home

Presenting a one-of-a-kind historic asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now turnkey, ready for its next chapter.Spanning 13,000+ square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility—just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.

Getting Around

73
WalkingVery Walkable
21
TransitMinimal Transit
65
BikeBikeable

Schools

3/10
1/10
Woodburn SuccessGrades 7-120.4 mi
2/10
Valor Middle SchoolGrades 6-81.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1914

Materials

  • Foundation: Slab
  • Roof: Membrane
  • Construction materials: Stone

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: ENERGY STAR Qualified Appliances,Free-Standing Gas Range,ENERGY STAR Qualified Water Heater,Tankless Water Heater

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished

Bedrooms & Bathrooms

  • Bedrooms: 25
  • Bathrooms: 18
  • Full bathrooms: 18
  • Main level bathrooms: 6

Features

  • Window features: Double Pane Windows

Heating & Cooling

  • Heating features: Forced Air 95 Plus
  • Cooling features: ENERGY STAR Qualified Equipment

Interior Area

  • Total structure area: 13,848
  • Total interior livable area: 13,848 sqft

Master Bedroom

  • Level: Main

Property

Accessibility

  • Accessibility features: Accessible Doors,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway,Natural Lighting,Rollin Shower,Accessibility,Handicap Access

Details

  • Parcel number: 105959
  • Zoning: DHD

Features

  • Levels: Tri Level
  • Stories: 3
  • Patio & porch: Patio

Lot

  • Lot size: 10,018 sqft
  • Features: SqFt 10000 to 14999

Parking

  • Parking features: Driveway,On Street
  • Has uncovered spaces: Yes